Stocks Hitting 52-Week Lows

Rayonier RYN shares reached a new 52-week low of $35.01. Rayonier completed the spin-off of Rayonier Advanced Materials RYAM. Analysts at RBC Capital downgraded Rayonier from Outperform to Sector Perform. Tower Group International TWGP shares touched a new 52-week low of $1.655. Tower Group shares have dropped 90.25% over the past 52 weeks, while the S&P 500 index has gained 21.42% in the same period. Bebe Stores BEBE shares reached a new 52-week low of $3.021. B Riley downgraded bebe from Buy to Neutral and lowered the price target from $7.50 to $3.40. Elizabeth Arden RDEN shares touched a new 52-week low of $21.80. Elizabeth Arden's trailing-twelve-month ROE is 0.82%.